IASB proposes IFRS Accounting Taxonomy update for IFRS 18
IASB proposes IFRS Accounting Taxonomy update for IFRS 18
The IASB issued IFRS 18 Presentation and Disclosure in Financial Statements on 9 April 2024.
Now the IASB has published proposals to amend the IFRS Accounting Taxonomy to reflect the requirements of IFRS 18.
The proposed changes include:
Now the IASB has published proposals to amend the IFRS Accounting Taxonomy to reflect the requirements of IFRS 18.
The proposed changes include:
- Line-item modelling for conveying category information (such as, operating, investing, financing) for the statement of profit or loss; and
- Dimensional modelling for tagging disclosures on management-defined performance measures (MPMs) and specified expenses by nature, as these link to information in the statement of profit or loss.